|
Contract hire is the most popular
method of acquiring fleet vehicles. In simple terms,
it is the long-term hire of a vehicle either with
or without maintenance, for an agreed period and
mileage at a fixed monthly cost. When your contracted
period comes to an end you return your vehicle to
us, avoiding cost impact of fluctuating residual
values. Contract Hire is treated as being off balance
sheet for accounting purposes.
- Off balance sheet funding
- VAT efficient
- Fixed costs for the contract period
- Removes uncertainty of residual value fluctuations
- Takes advantage of Automotives purchasing
power
- Reduced administration
- Detailed reporting is
provided
- Available with or without maintenance
- Support
services are available including fuel cards, accident
management, and full roadside assistance
|
